Question: A stock will pay no dividends for the next 3 years. Then it will pay a dividend of $5 growing at 3%. The discount rate

A stock will pay no dividends for the next 3 years.

A stock will pay no dividends for the next 3 years. Then it will pay a dividend of $5 growing at 3%. The discount rate is 6%. What should be the current stock price? (Enter the answer in dollar format without \$ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23 )

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